Apella Capital LLC Makes New Investment in Roblox Co. (NYSE:RBLX)

Apella Capital LLC bought a new stake in Roblox Co. (NYSE:RBLX) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,874 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake in shares of Roblox by 83.9% in the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company’s stock valued at $30,000 after acquiring an additional 239 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in Roblox by 3.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 6,730 shares of the company’s stock valued at $298,000 after purchasing an additional 245 shares in the last quarter. GAMMA Investing LLC raised its position in Roblox by 29.2% in the 4th quarter. GAMMA Investing LLC now owns 1,200 shares of the company’s stock valued at $69,000 after purchasing an additional 271 shares during the last quarter. Metis Global Partners LLC boosted its stake in Roblox by 5.0% in the third quarter. Metis Global Partners LLC now owns 6,003 shares of the company’s stock worth $266,000 after purchasing an additional 288 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Roblox by 5.0% during the third quarter. Oppenheimer & Co. Inc. now owns 6,691 shares of the company’s stock worth $296,000 after purchasing an additional 321 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RBLX has been the subject of a number of research analyst reports. Citigroup lifted their price target on Roblox from $53.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Roblox from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Piper Sandler raised their price target on shares of Roblox from $54.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 1st. CICC Research initiated coverage on shares of Roblox in a research report on Tuesday. They issued an “outperform” rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on Roblox from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.62.

Roblox Trading Up 2.3 %

Shares of RBLX stock opened at $63.69 on Thursday. Roblox Co. has a 12-month low of $29.55 and a 12-month high of $64.43. The company has a debt-to-equity ratio of 5.64, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a fifty day moving average of $56.39 and a 200-day moving average of $47.12.

Roblox (NYSE:RBLX) last released its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The company had revenue of $919.00 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter in the prior year, the company earned ($0.45) earnings per share. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts predict that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Activity at Roblox

In related news, CEO David Baszucki sold 166,668 shares of Roblox stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $42.15, for a total value of $7,025,056.20. Following the sale, the chief executive officer now owns 135,755 shares of the company’s stock, valued at approximately $5,722,073.25. The trade was a 55.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Reinstra sold 24,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total value of $1,434,000.00. Following the sale, the insider now owns 278,161 shares in the company, valued at approximately $16,620,119.75. This represents a 7.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,254,601 shares of company stock valued at $65,622,735. 22.15% of the stock is owned by insiders.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.